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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Archie Meeties who wrote (81437)	12/13/2000 2:50:25 AM
From: energyplay	Respond to of 95453

Re: Seismic - There's a chart on page 7 of the Dec. 4, 200 Oil and Gas Journal showing the large drop in U.S. Seismic work. It's from Raymond James. If rig fleets expand, many E&P companies will run out of inventory of exploration targets in maybe a year or so. Many seismic crews are overseas. This also means that the NG shortage could last more than 2 years in the U.S. unless we get cool summers & warm winters, AND a recession and/or rationing. If we don't get the weather and cuts in consumption, we'll be over $5.00 until pipelines come down from Canada and Alaska.